Section 54: Duties of Court executing decree as to property taken in execution. Where execution of a — Insolvancy (Karachi Division) Act, 1909

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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54. Duties of Court executing decree as to property taken in execution. Where execution of a decree has issued against any property of a debtor which is saleable in execution, and before the sale thereof notice is given to the Court executing the decree that an order of adjudication has been made against the debtor, the Court shall, on application, direct the property, if in the possession of the Court, to be delivered to the official assignee, but the costs of the execution shall be a first charge on the property so delivered, and the official assignee may sell the property or an adequate part thereof for the purpose of satisfying the charge.

Effective date: 1909-01-01

Related sections

Section 53: Restriction of rights of creditor under execution Section 55: Avoidance of voluntary transfer. Any transfer of property, not being a transfer made Section 52: Description of insolvent property divisible amongst creditors Section 56: Avoidance of preference in certain cases. (1) Every transfer of property, every payment Section 51: Relation of assignee’s title. The insolvency of a debtor, whether the same takes place on Section 57: Protection of bona fide transactions. Subject to the foregoing provisions with respect to

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